In January 2018, there was a post by Ian Bremmer President at Eurasia Group about the energy cost required to create one Bitcoin. The highest cost being S. Korea $26,170 and the lowest Venezuela $531. Today May 4, 2018, Bitcoin is trading at $9,600 USD. Obviously the cost to create $9,600 USD in traditional paper currency is pretty cheap.
Food for thought: Is this a good use of the world’s natural resources? Or should it be banned on a global basis?